New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Discover Hidden Retirement Funds: A Guide for Kaiser Aluminum Employees

Healthcare Provider Update: Offers health, dental, and vision insurance to employees working 30+ hours/week, along with wellness programs and an Employee Assistance Program (EAP) 1. With ACA premiums expected to rise by up to 75% due to subsidy expirations, Kaiser Aluminums employer-sponsored coverage provides a more stable and cost-effective alternative for eligible employees. Click here to learn more

'Kaiser Aluminum employees can greatly benefit from using resources like the Retirement Savings Lost and Found Database and Treasury Hunt to recover unclaimed assets, so that no part of their hard-earned retirement savings is left behind.' — Paul Bergeron, a representative of The Retirement Group, a division of Wealth Enhancement.

'Kaiser Aluminum employees should take advantage of tools like the Retirement Savings Lost and Found Database to track down unclaimed funds, so they can optimize their retirement savings potential.' — Tyson Mavar, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

The federal resources available to help locate lost or unclaimed retirement savings.
Key tools like the Retirement Savings Lost and Found Database and other platforms to recover forgotten financial assets.
How retirees can track down unclaimed bank accounts, savings bonds, and pension plans to make the most of their retirement savings.

The Retirement Savings Lost and Found Database is a federal initiative aimed at helping individuals locate their lost pension and 401k funds. Launched by the U.S. Department of Labor (DOL), this tool is one of many available resources designed to assist Kaiser Aluminum employees and others in recovering unclaimed financial assets.

Earlier this year, the public was granted access to the DOL’s database . This platform is particularly useful for Kaiser Aluminum employees who might have lost track of their 401k accounts due to job changes or relocations. Additionally, individuals can seek assistance from the nonprofit Pension Rights Center . If your employer or pension plan falls under one of the 30 states covered by the U.S. Administration for Community Living's Pension Counseling and Information Program, the center will link you to free services.

For Kaiser Aluminum employees looking to recover unclaimed benefits from closed private sector pension plans, the Pension Benefit Guaranty Corporation (PBGC) offers an online platform at pbgc.gov/workers-retirees . Even if the company that sponsored a pension plan has gone out of business, PBGC helps make certain that retirees continue to receive their benefits.

A searchable database for unclaimed funds across 49 states, Washington D.C., and Puerto Rico is available at missingmoney.com . Managed by the National Association of State Treasurers, this website aids in locating various unclaimed assets, including uncashed checks from banks, businesses, and local governments, dormant brokerage accounts, and even the contents of unclaimed safe-deposit boxes. The website also provides direct access to the Hawaii-specific register for residents with assets in the state.

Additionally, Kaiser Aluminum employees can locate U.S. savings bonds or other treasury securities that may have gone unpaid by visiting treasuryhunt.gov . This tool, managed by the U.S. Department of the Treasury, allows individuals to search for unpaid bonds or interest payments by entering their Social Security number, full name, and state. It may be particularly helpful for Kaiser Aluminum employees who may have inherited or forgotten about savings bonds purchased years ago. By entering your full name, state, and Social Security number, you can find out if you are eligible for any unclaimed funds. The federal government is dedicated to reuniting people with their unclaimed financial assets, and this service plays a significant role in that mission.

The Department of Labor's Workers Owed Wages website is another critical resource for those seeking back wages that might have been left unpaid. If you haven’t collected any unpaid wages, you can file a claim within three years.

Lastly, if you have funds trapped in bank or credit union failures, you may be able to retrieve them. The Federal Deposit Insurance Corporation (FDIC) tracks unclaimed deposits from closed banks , and the National Credit Union Administration’s website lists funds left behind by bankrupt credit unions, which can be reclaimed by their rightful owners.

For more detailed instructions on locating and recovering unclaimed assets, visit aarp.org/unclaimed . These resources are invaluable in making certain that all funds, regardless of size, are successfully tracked down.

Learn how to recover forgotten assets like pension plans, unclaimed retirement savings, and dormant bank accounts. Discover where to search for unclaimed savings bonds, misplaced 401ks, and uncashed checks. To track down hidden money you might not even know you have, start with the DOL's recently launched Retirement Savings Lost and Found Database and other platforms like treasuryhunt.gov and missingmoney.com. Don’t miss out on potential retirement savings—uncover your hidden funds and make sure you are saving as much as possible for the future.

Unclaimed retirement savings are much like forgotten treasures—similar to finding valuable artifacts tucked away in an old attic. Lost 401ks, pension plans, uncashed checks, and dormant savings bonds can bolster your financial future, just like rare antiques or mementos discovered in a dusty corner. Just as locating a long-lost family heirloom can bring joy and value, using tools like the Retirement Savings Lost and Found Database or missingmoney.com will help you uncover these assets and make certain every dollar is used effectively for your retirement.

Featured Video

Articles you may find interesting:

Sources:

1. U.S. Department of Labor. 'Retirement Savings Lost and Found Database.' U.S. Department of Labor, Employee Benefits Security Administration (EBSA) , 27 Dec. 2024, https://lostandfound.dol.gov/?utm_source=chatgpt.com .

2. Pension Benefit Guaranty Corporation (PBGC). 'Find Unclaimed Retirement Benefits.' Pension Benefit Guaranty Corporation , ongoing updates, https://www.pbgc.gov/wr/find-unclaimed-retirement-benefits?utm_source=chatgpt.com .

3. National Association of Unclaimed Property Administrators (NAUPA). 'MissingMoney.com.' National Association of Unclaimed Property Administrators , ongoing updates, https://missingmoney.com/?utm_source=chatgpt.com .

4. U.S. Department of the Treasury. 'Treasury Hunt.' U.S. Department of the Treasury , ongoing updates, https://treasurydirect.gov/savings-bonds/treasury-hunt/?utm_source=chatgpt.com .

5. AARP. 'Show Me the Money: How to Find Unclaimed Assets.' AARP , May 2025, https://www.aarp.org/money/personal-finance/how-to-find-unclaimed-assets/?utm_source=chatgpt.com .

What type of retirement savings plan does Kaiser Aluminum offer to its employees?

Kaiser Aluminum offers a 401(k) retirement savings plan to its employees.

Does Kaiser Aluminum provide matching contributions to the 401(k) plan?

Yes, Kaiser Aluminum provides matching contributions to the 401(k) plan, helping employees maximize their retirement savings.

What is the eligibility requirement to participate in Kaiser Aluminum's 401(k) plan?

Employees at Kaiser Aluminum are typically eligible to participate in the 401(k) plan after completing a specified period of service, often within the first year of employment.

Can employees at Kaiser Aluminum choose how much to contribute to their 401(k) plan?

Yes, employees at Kaiser Aluminum can choose to contribute a percentage of their salary to the 401(k) plan, within IRS limits.

What investment options are available in Kaiser Aluminum's 401(k) plan?

Kaiser Aluminum's 401(k) plan offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to diversify their portfolios.

Is there a vesting schedule for the employer match in Kaiser Aluminum's 401(k) plan?

Yes, Kaiser Aluminum has a vesting schedule for employer matching contributions, which means employees must work for a certain period to fully own the matched funds.

How can employees at Kaiser Aluminum access their 401(k) account information?

Employees at Kaiser Aluminum can access their 401(k) account information online through the plan's designated website or by contacting the plan administrator.

What happens to the 401(k) plan if an employee leaves Kaiser Aluminum?

If an employee leaves Kaiser Aluminum, they can choose to roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the Kaiser Aluminum plan, subject to certain conditions.

Are there loans available against the 401(k) plan at Kaiser Aluminum?

Yes, Kaiser Aluminum allows participants to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

Can employees at Kaiser Aluminum change their contribution levels at any time?

Yes, employees at Kaiser Aluminum can change their contribution levels at designated times throughout the year, as specified in the plan guidelines.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Name: Kaiser Aluminum Pension Plan Eligibility: Employees typically qualify based on years of service and age. The standard eligibility criteria are often 5 years of service or reaching age 55. Pension Formula: The pension formula is generally based on years of service and average salary. For Kaiser Aluminum, it is typically calculated using a defined benefit formula which considers years of service and average earnings. Name: Kaiser Aluminum 401(k) Plan Eligibility: Employees are usually eligible to participate in the 401(k) plan after completing a specific period of service, often 30 days of employment. 401(k) Plan Features: Includes employee contributions, employer matching contributions, and various investment options.

Restructuring and Layoffs: In 2023, Kaiser Aluminum announced a significant restructuring plan aimed at optimizing its production capabilities. The company reported a reduction of 10% in its workforce across various departments. This move is part of a broader strategy to enhance operational efficiency and adjust to shifting market demands. This news is crucial to address due to the current economic environment, which has seen many companies in the metal industry adjusting their operations in response to fluctuating demand and cost pressures.

Kaiser Aluminum issued stock options and RSUs to executives and key employees. Options had a four-year vesting period with annual vesting, while RSUs aimed to align interests with long-term shareholder value. [Source: Kaiser Aluminum 2022 Annual Report, Page 34]

Health Benefits Overview: The company provides a comprehensive health benefits package to its employees, including medical, dental, and vision insurance. They also offer wellness programs and resources for mental health support. Recent Changes: For 2023, Kaiser Aluminum made adjustments to its health insurance plans, including increased premiums and a shift towards high-deductible health plans (HDHPs).

Additional Articles

Check Out Articles for Kaiser Aluminum employees

For more information you can reach the plan administrator for Kaiser Aluminum at , ; or by calling them at .

https://www.thelayoff.com/t/1t07RJ99#google_vignette https://www.kaiseraluminum.com/ https://smart401kplus.com/plancontribution/kaiser-aluminum-salaried-retirees-veba-plan/ https://www.milliman.com/en/insight/2023-lump-sums-defined-benefit-plans-much-lower-as-interest-rates-rise https://www.pbgc.gov/kaiser-aluminum-plan-overview https://www.milliman.com/en/